129 Fm 116 Gatesville, TX 76528

Listing agency Kim Hill Real Estate Group

Listed by Kim Hill Show Phone

Source Phyllisbrowning

Added: Jul 31, 2025 Updated: Jul 22 at 5:45PM Checked: Jul 22 at 5:45PM

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Investment Insights

Based on property information with market context.

This listing offers 42.76 acres of city-annexed development land in Gatesville, Texas. The property includes approximately 4,500 feet of paved frontage along Texas FM 116, with the frontage divided into two tracts. City utilities are available, and the annexation into the City of Gatesville is intended to simplify entitlement and development planning. The land is currently maintained in AG tax status, which may help support holding costs while planning, entitlement, and development move forward. An on-site source of road base material is noted as potentially reducing infrastructure and roadway construction costs during development.

The site is positioned directly across from the Gatesville Municipal Airport, supporting immediate regional air access for a range of development objectives. The property is also described as being near Fort Hood and Central Texas aerospace and advanced manufacturing activity.

The combination of long, paved frontage, utility availability, and phased or multi-user development support makes the tract suitable for commercial, industrial, mixed-use, institutional, or employment-driven development concepts.

Key Highlights

• 42.76 acres of city‑annexed development land in Gatesville, TX
• Approximately 4,500 ft of paved frontage along Texas FM 116, with frontage divided into two tracts
• City utilities available and property annexed into the City of Gatesville for simplified planning and entitlement

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FAQs

What type of property is this?

Commercial land - City-annexed development land with paved FM 116 frontage, utilities available, and scalable access across two tracts.

Where is this commercial land located?

The property is located at 129 Fm 116 Gatesville, TX.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 42.76 acres of city‑annexed development land in Gatesville, TX; Approximately 4,500 ft of paved frontage along Texas FM 116, with frontage divided into two tracts; City utilities available and property annexed into the City of Gatesville for simplified planning and entitlement